Sam Bankman-Fried appeared in magistrate’s court in the Bahamas on Monday as his lawyers said he will agree to be extradited to the US to face fraud charges related to the collapse of cryptocurrency exchange FTX.

The FTX founder was arrested in Nassau last week and had been resisting extradition to New York following his indictment in Manhattan on US federal fraud and money-laundering charges.

Bankman-Fried was widely expected to reverse his decision and accept extradition in court on Monday, but the move was delayed after his local lawyer, Jerone Roberts, told the court he was unaware of the decision. Magistrate Shaka Serville twice adjourned proceedings to allow Bankman-Fried to confer with his lawyers and call his US attorneys, local news reported.